214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
watch for the market action. the market action has been relatively positive. i'm pretty encouraged by that. as that push tess dollar down, that could add support to a lot of markets over my shoulder here. >> how do you feel about gold right now? >> disappointing, at best. you've seen the dollar decline. as it goes below 80, usually that adds to the gold market. but gold and silver have been ashdz the pivots. you have to look at things on a weekly basis. i'm an options trader so i try to look at spreads three and six months out. but i'm feeling like i felt earlier this summer like with gold, it formed a wedge with higher lows and lower highs. it looks like it may set up to the out side. >> are you a betting man? >> i don't bet on events. if i did, i would be in the news business like you guys. i would equate this to the fiscal ceiling next year. the market reacted very well last year. we saw after the downgraded debt, we saw an increase in demand and all-time low interest rates. i don't care what happens with fiscal cliff. obviously, i do, but i care how the ma
watch for the market action. the market action has been relatively positive. i'm pretty encouraged by that. as that push tess dollar down, that could add support to a lot of markets over my shoulder here. >> how do you feel about gold right now? >> disappointing, at best. you've seen the dollar decline. as it goes below 80, usually that adds to the gold market. but gold and silver have been ashdz the pivots. you have to look at things on a weekly basis. i'm an options trader so i...
59
59
Dec 13, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
. >> we showed a full screen of the three companies where you are seeing actionable receiving. i'm hoping that you can walk us through hanes brands, for instance, since that's a name we talk about here on this desk, and just walk us through what you saw and why you think it's notable. >> okay, so, we have the chairman and ceo richard noll, he sold $7.7 million in shares on december 6th and 7th. this took his nonoptions holdings down to 31%. so, he still has significant equity in the company, over 477,000 shares. plus he owns, you know, stock options. this, however, was his first sale. he had bought stock back in august of '08 and february of '09, very well-timed buys. he had an average buy price of about $14.40. so, you know, the sale plays into some of the larger issues we're looking at, in that he's sitting on a decent size capital gains from his purchases, but he's also selling more than double the amount of shares that rebought. this is out of the blow. this is somebody that deviated from the standard of he baif your, which is not selling. this is a significant sale. it's t
. >> we showed a full screen of the three companies where you are seeing actionable receiving. i'm hoping that you can walk us through hanes brands, for instance, since that's a name we talk about here on this desk, and just walk us through what you saw and why you think it's notable. >> okay, so, we have the chairman and ceo richard noll, he sold $7.7 million in shares on december 6th and 7th. this took his nonoptions holdings down to 31%. so, he still has significant equity in the...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
if we can do it again, then bernanke's actions are not going to be for naught. they're going to be buying time for leaders in washington to take over. but if leaders in washington don't take over, then ultimately this is just going to lead to an inflationary outcome and it will all be for naught. >> what i'm worried about on the political side is we could be on the verge of an endless cliff and we may be falling into this, this kind of perfectly dysfunctional political equilibrium that will be self-perpetuating. because if you have a cliff know, i mean, i think the -- if most we're going to have a little bridge deal or some patch of a deal that says, okay, we'll come back and have time to work out tax, entitlement reform with another cliff. but what's going to change between now and then politically that will make it work? and maybe we get another down payment and another cliff. >> gridlock, people used to like it on the right because it meant that the government couldn't do anything. but we've got all these things where if you don't do anything, something's hap
if we can do it again, then bernanke's actions are not going to be for naught. they're going to be buying time for leaders in washington to take over. but if leaders in washington don't take over, then ultimately this is just going to lead to an inflationary outcome and it will all be for naught. >> what i'm worried about on the political side is we could be on the verge of an endless cliff and we may be falling into this, this kind of perfectly dysfunctional political equilibrium that...
95
95
Dec 12, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
but the real action continues to be in the currencies. if you look at the euro, it is holding up remarkably well as everybody competes on the quantitative easing side. yen had a rambunctious upside thinking it was all coming. if you open the chart, fresh highs on the dollar versus the yen going back to march. back it march. sue, back to you. >> boy, glad you're in a good mood. who knows what would happen if you weren't. >>> ceo jamie dimon speaking out on cnbc. >>> coinstar soaring. red box taking on netflix in video streaming. up 4%, it is good if you own that stock. we're back in 2. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. >>> welcome back to market flash. >> shares up just over 5%. one of the best performers in
but the real action continues to be in the currencies. if you look at the euro, it is holding up remarkably well as everybody competes on the quantitative easing side. yen had a rambunctious upside thinking it was all coming. if you open the chart, fresh highs on the dollar versus the yen going back to march. back it march. sue, back to you. >> boy, glad you're in a good mood. who knows what would happen if you weren't. >>> ceo jamie dimon speaking out on cnbc. >>>...
237
237
Dec 27, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
hope for actions from the central bank there. year-end bonus for big labor. national labor relations board stripped more protection for workers that don't want their monday wrip spent on politics. you don't knowones are yielding huge power in another way as the clock is ticking on the threatened strike that could shut down every port from maine to the texas gulf coast. once again, unions versus capitalism. here now is vincent, director of labor policy. good to have you here, vincent. >> thanks important having me on. >> so -- do i understand this correctly? if you are in a state that doesn't have right-to-work laws, you join a company that has a union shop and you have to pay dues and join the union. the money you spend on politics, i don't have to pay for that. has that changed now? is that something the labor relations board has done. make it a lot tougher to say i don't want to pay that. >> it has. one more example of the national labor relation board putting union leadership and big labor ahead of the interest workers. you were talking about unions versus
hope for actions from the central bank there. year-end bonus for big labor. national labor relations board stripped more protection for workers that don't want their monday wrip spent on politics. you don't knowones are yielding huge power in another way as the clock is ticking on the threatened strike that could shut down every port from maine to the texas gulf coast. once again, unions versus capitalism. here now is vincent, director of labor policy. good to have you here, vincent. >>...
172
172
Dec 27, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
it was a class action suit. toyota recalled more than 14 million vehicles because of acceleration issues and just do the math on $1.1 billion and you can see, it's no longer at cuss finch is it, andrew? >> here we go. >> it's not the public defender's office, it's john edwards, and $100 million net worth. >> correct. so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no,
it was a class action suit. toyota recalled more than 14 million vehicles because of acceleration issues and just do the math on $1.1 billion and you can see, it's no longer at cuss finch is it, andrew? >> here we go. >> it's not the public defender's office, it's john edwards, and $100 million net worth. >> correct. so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves...
230
230
Dec 19, 2012
12/12
by
CNBC
tv
eye 230
favorite 0
quote 0
a lot of action over there today. >>> thank you. there really has been. and in fact, it's the greek banks which are leading the way. i can't remember the last time we said that. if you look at trading broadly, it's the most beaten down areas where we're seeing the strength this morning. again, here are some of the names to mention whether it's the national bank of greece. we saw these up in the range of better than 8% earlier. now in the range of 5% to 8%. again, if you look at the levels, you see we're snapping up from low valuations generally speaking. it doesn't take a lot at 63 cents to get an 8% move. >>> quick look over here if you want to take a shot of the wall behind me. it is green for the most part. and greece's borse is one adding 2% today. we're seeing that reflected across the bond space. portugal for example seeing ten-year yields falling. same for spain and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a
a lot of action over there today. >>> thank you. there really has been. and in fact, it's the greek banks which are leading the way. i can't remember the last time we said that. if you look at trading broadly, it's the most beaten down areas where we're seeing the strength this morning. again, here are some of the names to mention whether it's the national bank of greece. we saw these up in the range of better than 8% earlier. now in the range of 5% to 8%. again, if you look at the...
205
205
Dec 21, 2012
12/12
by
CNBC
tv
eye 205
favorite 0
quote 0
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back, everybody. only a few trading days left in 2012. joining us is boris schlossberg. our guest hosts barry snap and roger altman are here, as well. japan had been driving things until we went over this plan "b" not being brought to the house floor last night. how did that change the dynamic? >> you know, i think barry had it right. it's less of a fiscal cliff than a fiscal drag. i think that's the right way to describe it. i think the interesting thing as far as the currency market goes, as far as the euro goes, is i think we're starting to correlate back to the dow. as i was looking at the screen, the euro is trading 132. the dow is 13,100. i think if we slice another 100 points off the dow, probably going to slice another 100 points off the euro, as well. the reason why, i think the correlation is back is if the market perceives the fact that the u.s. econom
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back, everybody. only a few trading days left in 2012. joining us is boris schlossberg. our guest hosts barry snap and roger altman are here, as well. japan had been driving things until we went over this plan "b" not being brought to the house floor last night. how did that change...
225
225
Dec 20, 2012
12/12
by
CNBC
tv
eye 225
favorite 0
quote 0
easy as access to a gun and look at a culture that all too often glorifies guns and violence and any actions we must take must begin inside the home and inside our hearts. >> and last night the nra broke its silence on the newtown tragedy saying it is prepared to take steps so that nothing like this ever happens again. no comment today from republican congressional leaders on the president's announcement. joe? >> okay, hampton. thank you very much. so our new gun control measures the solution. our next guest says not so fast. the rush to reduce the number of guns throughout could be very misguided. and don't forget larry's credo, free market capitalism is the best path to prosperity. "the kudlow report" is coming right back. ck. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year
easy as access to a gun and look at a culture that all too often glorifies guns and violence and any actions we must take must begin inside the home and inside our hearts. >> and last night the nra broke its silence on the newtown tragedy saying it is prepared to take steps so that nothing like this ever happens again. no comment today from republican congressional leaders on the president's announcement. joe? >> okay, hampton. thank you very much. so our new gun control measures...
83
83
Dec 12, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 1
actions it will still be three years until you
actions it will still be three years until you
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
and tom cruise's action thriller, "jack reacher" debuted in second place. he kicks a -- $15.26 million he got. >> so we went to the movies this weekend. and we saw "this is 40." >> not great reviews. >> almost dpred depressing a little bit. almost too realistic. >> that's what happens when you return 40. you get a little depressed. then you hit 50 and then you realize 60 is the new 40. and then you realize any of the alternatives to aging are much worse than aging and you kind of come to grips with that. >> i had a mixed feeling. were the reviews actually lousy? >> yeah. >> i wish i had known that before. >> paul rudd and -- and apatose. she has to watch paul rudd make out with his wife constantly when this is all going on. i was thinking about that. and all the kids in the film are appato's kids. >> oh, really? >> yeah. he's making the film with his family and it's all about -- anyway, all with his family. >> watching -- you know, i don't know what he's into, but so he's got his wife making out with this guy a lot. >> they're married in the film so, you kn
and tom cruise's action thriller, "jack reacher" debuted in second place. he kicks a -- $15.26 million he got. >> so we went to the movies this weekend. and we saw "this is 40." >> not great reviews. >> almost dpred depressing a little bit. almost too realistic. >> that's what happens when you return 40. you get a little depressed. then you hit 50 and then you realize 60 is the new 40. and then you realize any of the alternatives to aging are much...
245
245
Dec 24, 2012
12/12
by
CNBC
tv
eye 245
favorite 0
quote 0
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> less than a week before we go flying over the fiscal cliff, there is still no deal in sight. hampton pearson in washington with the very latest on that. what do you have? >> how you doing? we are down to single digits, seven days and counting if you will, to even get a short-term fiscal cliff deal done. we heard president obama on friday handed what we might call a bare bones plan c ahead of january first. extension of the bush tax cuts for those making $250,000 or less and an extension of unemployment benefits. while it could be a quick turn-around from that hawaiian vacation for president obama and congressional leaders, expectations they could be back in washington later this week, all eyes now on the senate where republicans are split on whether it's possible to make a deal with the obama white house. >> the president's statement is right. no one wants taxes to go up
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> less than a week before we go flying over the fiscal cliff, there is still no deal in sight. hampton pearson in washington with the very latest on that. what do you have? >> how you doing? we are down to single digits, seven days and counting if you will, to even get a short-term fiscal cliff...
237
237
Dec 21, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doing that. they have an entirely different krun construction on what's happened with plan b since negotiations blew's a few daysation. on the budget committee, came out saying it was a waste of time with the clock ticking. >> we are engaged here in the house on this floor today in what has become a ridiculous political stunt which will actually take us much closer as a country to going over the fiscal cliff. >> the question's going to be, larry, of course, can negotiations resume after this happens? senate says they won't even take this up, the plan b, if it passes, as house leaders say it will tonight. the question is, what are we going to have -- private negotiations between the speaker and president over the weekend? will members come back and have something to pass or in fact go over the
. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doing that. they have an entirely different krun construction on what's happened with plan b since negotiations blew's a few daysation. on the budget committee, came out saying it was a waste of time with the...
46
46
Dec 6, 2012
12/12
by
CNBC
tv
eye 46
favorite 0
quote 0
stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right. yes, and that's right. so we don't expect us to actually fall off the cliff. our base case and it's something that we spend every week really discussing is that about a third of the cliff is realized, in other words we get about a third of the total impact, two-thirds being deferred and that's already in the gdp forecast, roughly 1% in the first half. that's a scenario that's not going to justify investors being risk off and sitting on the sidelines but the time to recognize that scenario is not going to happen towards the end of the year so i still have this vision of investors being cautious, we get developments and as we get late into december we get some resolution and the market is going to finish pretty strongly and hopefully investors are positioned on the right side of that. >> what enabled you do you think to get fairly close thus far to the 1430 target that you set out? what do you foresee into next year and where would you have folks play the market now? >> one of th
stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right. yes, and that's right. so we don't expect us to actually fall off the cliff. our base case and it's something that we spend every week really discussing is that about a third of the cliff is realized, in other words we get about a third of the total impact, two-thirds being deferred and that's already in the gdp forecast, roughly 1% in the first half. that's a scenario that's...
126
126
Dec 10, 2012
12/12
by
CNBC
tv
eye 126
favorite 0
quote 2
i think that's telling you something about the price action in the stock. so, it's not something that i would own. >> dr. j., where do you come down on barnes & noble stock? who made the more compelling argument in today's debate? >> well, i love this stock. i liked both arguments, judge. but i think the fact that they could basically turn this thing into a reit and have the nook as a completely separate electronic business place i think that means the stock is double where it is here. that's probably why it tested as joe said up to 26 already. if something like that happens next year, watch this stock run. >> all right, well, two up, two downs, we might have to declare a mistrial. revisit this one at some point. it was only a couple weeks ago during apple's last significant pullback doug kass said he was buying the stock. well, we'll keep on going. having just put its worst week in 2 1/2 years in the books, hat does mr. cass think now? cost doug joins us. doug, we had a little drop of the lights to add a little mood to our conversation. how you doing? >> i
i think that's telling you something about the price action in the stock. so, it's not something that i would own. >> dr. j., where do you come down on barnes & noble stock? who made the more compelling argument in today's debate? >> well, i love this stock. i liked both arguments, judge. but i think the fact that they could basically turn this thing into a reit and have the nook as a completely separate electronic business place i think that means the stock is double where it...
156
156
Dec 19, 2012
12/12
by
CNBC
tv
eye 156
favorite 0
quote 0
with time quickly running out, today was clearly a case of too much talk and not enough action. in our nation's capital. as the dow had its worst day in a month. let's count the news conferences and statements with e got with just seven trading days left and the deadline, what a massive tax increase on americans, coupled with blunt spending cuts, could likely send our economy back into a e are session. we had speaker boehner first. it was the president speaking about gun control. but the questioners focused on the fiscal cliff. the president seemed to insinuate that we don't have a deal because the gop has a personal problem with him. saying, quote, it's very hard for them to say yes to me. then, it was speaker boehner's turn. he blasted the white house and added the house would vote tomorrow on his plan b, which has, of course, no chance of passing the senate. but might offer him and fellow republicans political cover if we go over the cliff. and earlier, seen right here on this program, we heard from nancy pelosi.
with time quickly running out, today was clearly a case of too much talk and not enough action. in our nation's capital. as the dow had its worst day in a month. let's count the news conferences and statements with e got with just seven trading days left and the deadline, what a massive tax increase on americans, coupled with blunt spending cuts, could likely send our economy back into a e are session. we had speaker boehner first. it was the president speaking about gun control. but the...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
congressman peter roscom, we'll see if he's ready to accept the call it action. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> welcome back. you can see the dow futures are down by about 23 points. s&p down by 2.25 points. in our headlines, head of irs warns if congress fails to reset the alternative minimum tax, there could be a delayed start to 2013 tax se
congressman peter roscom, we'll see if he's ready to accept the call it action. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those...
219
219
Dec 14, 2012
12/12
by
CNBC
tv
eye 219
favorite 0
quote 0
, and these children are our children, and we're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics. this evening michelle and i will do what i know every parent in america will do which is hug our children a little tighter, and we'll tell them that we love them, and we'll remind each other how deeply we love one another, but there are families in connecticut who cannot do that tonight, and they need all of us right now. in the hard days to come, that community means needs us to be at best as americans, and i will do everything in my power as president to help because while nothing can fill the space of a lost child or loved one, all of us can extend a hand to those in need, to remind them that we are there for them, that we are praying for them, that the love they felt for those lost endures not just in their memories but also in ours. may god bless the memory of the victims and in the words of scripture heal the broken hearted and bind up their wounds. >> a poignant moment as the president had to take a few seconds a
, and these children are our children, and we're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics. this evening michelle and i will do what i know every parent in america will do which is hug our children a little tighter, and we'll tell them that we love them, and we'll remind each other how deeply we love one another, but there are families in connecticut who cannot do that tonight, and they need all of us right now. in...
291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
will the feds be forced to take action. washington state now though will be licensing make your mayor grower, processors and stores. but driving under the from yinf marijuana is still unlegal. no idea how they measure that. >> i think there's a way to measure thc content. >> like a breathalyzer? >> i don't know. i don't know how you do it for -- i figure if you see someone going really slow with a car full of twinkies, you say you have reasonable -- of course it's hard to get twinkies. anyway, this morning the joint economic committee will be holding a hearing on the fiscal cliff and protecting the middle class and what can we expect out of the hearing. kevin hasset will be testifying today. director of economic studies. he also served as economic adviser to former presidential candidate mitt romney. kevin, what's your feeling now? i saw one of my colleagues tweeted a -- i don't get the "washington post," but dana milbank said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is inter
will the feds be forced to take action. washington state now though will be licensing make your mayor grower, processors and stores. but driving under the from yinf marijuana is still unlegal. no idea how they measure that. >> i think there's a way to measure thc content. >> like a breathalyzer? >> i don't know. i don't know how you do it for -- i figure if you see someone going really slow with a car full of twinkies, you say you have reasonable -- of course it's hard to get...
203
203
Dec 31, 2012
12/12
by
CNBC
tv
eye 203
favorite 0
quote 0
no action by the democrat senate. >> well, it's been interesting to watch. i don't know, do you have a pr firm? or can you fire the pr firm t t that -- because it's amazing the way that it's been the optics of it, the way -- >> it's the bully pulpit. and it always has been the bully pulpit. but what the american people will appreciate, i believe, is this current challenge isn't solved, is that they will see that the administration has allowed more taxes to go up on virtually every single american and not done a thing to decrease spending. >> now remember one thing, though, it's not just a bully pulpit. president bush had the bully pulpit, tried to go for partial privatization of social security, your republican colleagues would not take it up in the congress. >> well, there's -- >> it was killed by a republican congress. >> that's not my recollection. my recollection is that that we fought diligently across this country for four or five months, and, and we could not get any cooperation. >> tom davis your colleague, who was the chairman of the house republica
no action by the democrat senate. >> well, it's been interesting to watch. i don't know, do you have a pr firm? or can you fire the pr firm t t that -- because it's amazing the way that it's been the optics of it, the way -- >> it's the bully pulpit. and it always has been the bully pulpit. but what the american people will appreciate, i believe, is this current challenge isn't solved, is that they will see that the administration has allowed more taxes to go up on virtually every...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
someone was actually threatening a class-action suit over this. >>> okay. i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that would get 100% of the vote. >> good luck getting that through congress. jane, happy new year to you. jane wells in los angeles. >>> tweet time. the phrase that got the most nomination this is year on lake superior's list to banish fiscal cliff. what other phrases should be banned? tweet us @squawkstreet and we'll get your responses after the break. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> time for squawk on the tweet. the phrase of fiscal c
someone was actually threatening a class-action suit over this. >>> okay. i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says,...
249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
business has already taken some action and its antidotal. consumers have taken no action. my guess is they might. if consumers stop buying you will see it rapidly get bad like the debt ceiling crisis. >> is jpmorgan taking any steps to go in the right direction? >> we're praying. jpmorgan will be fine. i'm worried about our customers and the global financial system. it is not a jpmorgan issue per se. we have 50 million consumer clients. we do clients that are 30,000 companies and governments around the world. they're all watching. we're one decision away from restoring our fiscal and moral authority around the world. let's just do it. >> what is the role of business in this conversation? i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of m
business has already taken some action and its antidotal. consumers have taken no action. my guess is they might. if consumers stop buying you will see it rapidly get bad like the debt ceiling crisis. >> is jpmorgan taking any steps to go in the right direction? >> we're praying. jpmorgan will be fine. i'm worried about our customers and the global financial system. it is not a jpmorgan issue per se. we have 50 million consumer clients. we do clients that are 30,000 companies and...
151
151
Dec 26, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
instagram getting hit with a class action lawsuit. the suit against the photo filter service was reportedly brought by a california user claiming breach of contract. facebook which now owns instagram believes the complaint is without merit. netflix is back after a christmas eve outage. the video streaming service has problems at one of amazon's web service center to blame. the subscribers in the u.s., canada and latin america. >> five days left before we could potentially go over the fiscal cliff. president obama is cutting short his holiday in hawaii and returning early to d.c. he should arrive there capable of negotiating from tomorrow. chief washington correspondent john harwood joins us with the latest. john, i mean, how optimistic can we be? this market is not falling out of bed as the clock ticks down. >> you know, i think everybody's counting on the holiday mood changing somewhat the tenor of the negotiations in combination with the fact that the republican position has kind of collapsed, with the collapse of plan b. the speake
instagram getting hit with a class action lawsuit. the suit against the photo filter service was reportedly brought by a california user claiming breach of contract. facebook which now owns instagram believes the complaint is without merit. netflix is back after a christmas eve outage. the video streaming service has problems at one of amazon's web service center to blame. the subscribers in the u.s., canada and latin america. >> five days left before we could potentially go over the...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
a call to action. as our nation careens toward the raiser sharp edge of the fiscal cliff. cnbc has challenged lawmakers to rise above partisan politics. seek compromise. and find a solution. the clock is ticking down. the stakes are getting higher. now we are turning up the pressure. this is a cnbc special report. "mission critical: rise above dc." >> welcome to the second half of our special all day coverage "mission critical: rise above dc." we are in washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow
a call to action. as our nation careens toward the raiser sharp edge of the fiscal cliff. cnbc has challenged lawmakers to rise above partisan politics. seek compromise. and find a solution. the clock is ticking down. the stakes are getting higher. now we are turning up the pressure. this is a cnbc special report. "mission critical: rise above dc." >> welcome to the second half of our special all day coverage "mission critical: rise above dc." we are in washington...
272
272
Dec 26, 2012
12/12
by
CNBC
tv
eye 272
favorite 0
quote 1
would that be enough to jolt lawmakers into action? >> and as the year winds to a close, the head of aetna is back with us winding up for higher taxes in 2013 thanks to obama care. wait until you hear how high he thinks they could go. you're watching cnbc, first in business worldwide. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> well, we're getting numbers in. turns out retailers saw the weakest holiday season since 2008 hurt by bad weather and more uncertainty about the rising tax increases that could come next
would that be enough to jolt lawmakers into action? >> and as the year winds to a close, the head of aetna is back with us winding up for higher taxes in 2013 thanks to obama care. wait until you hear how high he thinks they could go. you're watching cnbc, first in business worldwide. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i...
173
173
Dec 18, 2012
12/12
by
CNBC
tv
eye 173
favorite 0
quote 0
at the time, it was not clear that you will that they were going to take any action. there was a question about whether they should be donating money to education programs. clearly overnight -- >> they're putting it up for sale. >> let me read what they sale. they said it's apparent that the ansi hook tragedy has raised questions regarding gun control to a new level. our role is to take positions for investments. it is not our role to take a role regarding gun control. >> they're going to take a hit on it right now, too. >> i imagine they will. >> not the best time to be selling. >> in truth, it looks like it's been quite a successful investment for them. again, will there be a tremendous discount selling? >> right. >> you don't know. but given that other teachers pensions and others did have stakes in this and probably are now saying, we've got to get out of here, this is -- >> they sold it probably law enforcement agencies and the military. >> absolutely. and i should say colt defense, which i had mentioned earlier, blackstone has a piece of that. there are a number
at the time, it was not clear that you will that they were going to take any action. there was a question about whether they should be donating money to education programs. clearly overnight -- >> they're putting it up for sale. >> let me read what they sale. they said it's apparent that the ansi hook tragedy has raised questions regarding gun control to a new level. our role is to take positions for investments. it is not our role to take a role regarding gun control. >>...
319
319
Dec 14, 2012
12/12
by
CNBC
tv
eye 319
favorite 0
quote 0
it was only the action of my attorney at 5:00 a.m. who brought a judge in to stay that move until we could file an appeal that kept me from going back. so you know that they can kidnap a couple of young girls and bring them back. if that happens, i wouldn't have any choice, i would have to go back and turn myself in to prevent them from being tortured. i know it sounds mad. but this happens. i'm sorry, people get tortured in belize. this happens. i'm sorry. it happens in mexico, and no one says anything. it happens in honduras, but you say belize, and they say, you're paranoid. no, i'm not. >> there are reports and pictures of you on the internet often, holding weapons, holding guns. reports of you shooting your guns inside your home, on your property regularly. are those reports accurate? it's certainly accurate that i had lots of guns, but they were in the hands of my security guards. i live in a country, sir, that has the highest murder rate in the world. check it out on the internet. it's populated by numerous gangs. the gangs sup
it was only the action of my attorney at 5:00 a.m. who brought a judge in to stay that move until we could file an appeal that kept me from going back. so you know that they can kidnap a couple of young girls and bring them back. if that happens, i wouldn't have any choice, i would have to go back and turn myself in to prevent them from being tortured. i know it sounds mad. but this happens. i'm sorry, people get tortured in belize. this happens. i'm sorry. it happens in mexico, and no one says...
190
190
Dec 20, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
we are again taking concrete actions to avoid the fiscal cliff. >> mr. leader, i know that this bill last night, the deal of sequester mirrors a piece of legislation that was on the floor earlier in the year. why was that not made immediately part of plan b sin there was such a cry from your conference that the initial part of plan b did not deal with the sequester and this added in such a rushed fashion? >> our members have been consistently focused on addressing the spending problem. as you know, last year we have focused primarily on trying to address the unfunded liabilities of this federal government. we're committed to actually fixing the problem here so we can get on about a growing economy. we also realize that the president's unwillingness or inability to come to a balanced agreement with our speaker presents us with very little option other than to try and work hard to avoid a tax hike on some millions of americans. that's why we were pushing forward and are on the perm nngt tax relief bill in plan b. but we also know very well that revenues ar
we are again taking concrete actions to avoid the fiscal cliff. >> mr. leader, i know that this bill last night, the deal of sequester mirrors a piece of legislation that was on the floor earlier in the year. why was that not made immediately part of plan b sin there was such a cry from your conference that the initial part of plan b did not deal with the sequester and this added in such a rushed fashion? >> our members have been consistently focused on addressing the spending...
50
50
Dec 4, 2012
12/12
by
CNBC
tv
eye 50
favorite 0
quote 0
how are up trading the action we're hearing as you sit there in chicago today? >> well, i'm putting on positions that are less susceptible, scott, to some of the volatility that i anticipate is going up. i mean, the vix is up 14% since last friday. the reason, again, the president's offer and then boehner's counteroffer. that's why the vix, in my mind, has moved up as much. to steven's point as far as negativity, i see a lot of positives potentially going out there. i mean, look at germany up 22%. we take that for our performance out of our market this year but the reason that the world is waiting is if we really do push all the way up until the cliff and a decision is not made with a little bit of a look back until 2013 even if the rates remain roughly the same, i think we're dancing with the devil there and the rest of the world is already making decisions. we've seen it from the dividend pairs and so forth and the acceleration, larry el some and everyone else accelerating or declaring specials. i think all of that is potential negative going forward to 2013.
how are up trading the action we're hearing as you sit there in chicago today? >> well, i'm putting on positions that are less susceptible, scott, to some of the volatility that i anticipate is going up. i mean, the vix is up 14% since last friday. the reason, again, the president's offer and then boehner's counteroffer. that's why the vix, in my mind, has moved up as much. to steven's point as far as negativity, i see a lot of positives potentially going out there. i mean, look at...
301
301
Dec 24, 2012
12/12
by
CNBC
tv
eye 301
favorite 0
quote 1
if you just missed this morning's action here is what you missed. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> i truly believe the good news is this is setting ourselves up for true entitlement and tax reform in 2013. >> people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional but it's a push till the end. >> today will be light volume, right? >> yes. >> shortened session but light volume. who knows what that could lead to. of course it is a classic day if you wanted to bury some bad news christmas eve is almost the perfect day to do it. >> i did earlier see two shoppers. okay. no. that guy is stocking merchandise. that's not a -- no. that's not a customer. >> what's the market reaction to a slimmed down view? >> i think you would get a rally because you would escape that near certitude of the recession. it would give you enough wiggle room in there to look around. i don't know how celebratory it would be but i think a sigh of relief rally. >> all we're doin
if you just missed this morning's action here is what you missed. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> i truly believe the good news is this is setting ourselves up for true entitlement and tax reform in 2013. >> people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional but it's a push till the end. >> today will be light...
190
190
Dec 28, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying you're both losers, right? >> right. >> my real concern is this is what the current version of america actually voted for. >> the house is different. all politics is local. harry reid, you know which interest he satisfies. >> they're not that far apart. if you look at the negotiating positions, they're not -- >> they're emotionally far apart
there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
middling action here, the dow only up 15 for the week. so we'll see whether today sets the tone over all. >>> live from capitol hill, encouraging lawmakers to rise above gridlock. >> fiscal cliff is a made-up deadline. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> welcome back it "squawk on the street." rick santelli here. rising much more than expected, up 1.1%. capacity utilization, also ramped up to 78.4. there were changes to october. and they weren't necessarily good. but they don't diminish the strength of the november. we had october's minus .4 extended down to .7. october's read originally at 77.8. now 77.7. but definitely strength in the current november read. >> thank you very much, rick santelli. talking about a big deal this morning, taking place in the nordic countries. i
middling action here, the dow only up 15 for the week. so we'll see whether today sets the tone over all. >>> live from capitol hill, encouraging lawmakers to rise above gridlock. >> fiscal cliff is a made-up deadline. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives...
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
and i interpret and digest the information as either actionable or not. kind of like a research analyst that i believe is hot or a trader who walks into my office with an idea and i know that idea is going to be a good one. i think the message from the federal reserve to traders is now lost. if you go back to march and think about the march 13th meeting, we were coming off of three consecutive headline labor reports well north of $200,000. you had both ben bernanke. you had the minnesota fed chairman -- >> coach likota. >> thank you for bailing me out. >> liesman will be happy i knew that. >> the economy was getting better and the ten-year went from 1.8% all the way up to 2.40. what happened in april? you printed 68,000. the message of the market was wrong. fast forward to september, same thing. the announcement of qe3 was supposed to be reflationary. within one week it was the high of the s&p. >> let's go to stephanie link before we bring in the professor to decide if any of you are getting an "a" on this pone. >> i think the fed will continue to keep ra
and i interpret and digest the information as either actionable or not. kind of like a research analyst that i believe is hot or a trader who walks into my office with an idea and i know that idea is going to be a good one. i think the message from the federal reserve to traders is now lost. if you go back to march and think about the march 13th meeting, we were coming off of three consecutive headline labor reports well north of $200,000. you had both ben bernanke. you had the minnesota fed...
70
70
Dec 26, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target or 2 $108 in earnings. we're not expecting the powers that be in washington are going to be willing to save a defeat from the jaws of victory. >> you haven't watched them before, john, have you? >> i've been around for a long time. i have watched them before. i do know that they worry about legacy. the history books would write about them and say do this. >> it's good to talk to you. thank for coming on. >> thanks for having me. >>> pete, 1585 is the price target. second highest on the street just behind bank of america. he's higher than goldman, barry knap at barclays. is he going to be right? >> i'm very confident. i like what we're hearing out of china. i like what we're seeing out of our housing market. the financials are why we are where we are right now. i thi
how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target or 2 $108 in earnings. we're not expecting the powers that be in washington are going to be willing to save a defeat from the jaws of victory. >> you haven't watched them before, john, have...
52
52
Dec 21, 2012
12/12
by
CNBC
tv
eye 52
favorite 0
quote 0
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. it'sbut i am yoursense. rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> we continue our countdown of the best trades of 2012. the most valuable on earth this year. hmmm, what's that? no more talked about more than that one right there, apple. $705 back in september. it's been much talked about over the last couple of weeks too. what's this one going to do next year? >> thankfully we haven't been talking about it a lot. i think it is one of the names that you continue to own. you can trade around. it's become a little bit of a casino the last few weeks. i talked about that. if it is going to be a casino, you trade along with it, but it is a core hold
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. it'sbut i am yoursense. rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> we...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all morning long. while we've been here on capitol hill, we've been talking to lawmakers about rising above gridlock and reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't d
. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all...
182
182
Dec 31, 2012
12/12
by
CNBC
tv
eye 182
favorite 0
quote 0
i'm not a big believer that when whole cliff has anything to do with the market action we're having. we're operating at about 40% of our normal volume. you have people trying to buy the dip that got trapped because the market didn't bounce off. we're still range bound. we're still up 13% for the year and almost 5% from the november low. so i don't see any reason to worry about it. the market really says that there's going to be a deal and when they guys quit with their political posturing and finally sit down and hammer out a deal, they will. whether they do it today, i don't know. but it doesn't really matter because they can do it two weeks from now and make it retroactive to today. it doesn't matter. they're going to get a deal done. they're going to solve this. and the markets are telling you that what we are is in a consolidation period now between 1370 on the down side of the s&p and 1440 on the up side. so i don't look at any of this as other than a trading range and market that has a very good year and is going to finish out the year probably a tad bit weaker here. >> so you'
i'm not a big believer that when whole cliff has anything to do with the market action we're having. we're operating at about 40% of our normal volume. you have people trying to buy the dip that got trapped because the market didn't bounce off. we're still range bound. we're still up 13% for the year and almost 5% from the november low. so i don't see any reason to worry about it. the market really says that there's going to be a deal and when they guys quit with their political posturing and...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the house took up votes on these two measures, providing workplace rules for private and public workers to have a choice now, whether they want to join that union. this happened so quickly yesterday, there was no testimony, no committee hearings. they went right to the floor and voted for the measures. i spoke with governor snider yester
a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so....
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
>>> the latest moves in energy and metals a lot going on there you can tell from yesterday's price action. bertha coombs at the nymex. bertha? [ no audio ] >> she looks good but we need to hear her, too. >> can't read her lips? mining. yeah. we will fix that. >>> meantime, still ahead, the ceo of kim co- realty ounce 900 retail shopping centers his take on holiday shopping and what is ahead in the new year? looking at early movers on this thursday on wall street, as we head to break. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. aids is going to lose. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh
>>> the latest moves in energy and metals a lot going on there you can tell from yesterday's price action. bertha coombs at the nymex. bertha? [ no audio ] >> she looks good but we need to hear her, too. >> can't read her lips? mining. yeah. we will fix that. >>> meantime, still ahead, the ceo of kim co- realty ounce 900 retail shopping centers his take on holiday shopping and what is ahead in the new year? looking at early movers on this thursday on wall street,...
233
233
Dec 17, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll
as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for...
274
274
Dec 26, 2012
12/12
by
CNBC
tv
eye 274
favorite 0
quote 0
the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those really expensive? >> no. it was a gift. my god. we got to zoom in? >> i mean, it's quite a thing to behold. >>. i don't think so. >> i think we ought to bump in and out -- >> i think every -- it's a beautiful tie. >> do you remember i also have the bernanke tie, where he's throwing money out of a helicopter? >> i have one, but i have one where -- this year's was bernanke and draggy. >> both in a helicopter? >> both bernanke with the helicopter but euros and do
the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
i would definitely say that number one it facilitates the ability for people to get actionable in the marketplace even on a short term basis even if it's negative. and number two, i think that i was an early reader of the shock doctrine. i think it's been applied by both sides now. it's a manifesto for both sides. and that it's crisis management. they drive the market towards crisis as a way of facilitating their political agendas. i think it's folly, but a reality we've been faced with and i think that that's really what your coverage of it is accurate to the extent that that's how politics gets done now. and i'm not a fan of it, but you have to really accept the reality of it. >> kevin, thank you. good to talk to you. >> sure thing. >>> if you have comments or questions about anything you see here, e-mail us at squawk@cnbc.c squawk@cnbc.com. coming up, the ceo who ploou the whistle on his own company. michael woodford was running olympus until he discovered shenanigans and decided to say something. less than a year later, he's taking the concept of tell all to a new level. if you ar
i would definitely say that number one it facilitates the ability for people to get actionable in the marketplace even on a short term basis even if it's negative. and number two, i think that i was an early reader of the shock doctrine. i think it's been applied by both sides now. it's a manifesto for both sides. and that it's crisis management. they drive the market towards crisis as a way of facilitating their political agendas. i think it's folly, but a reality we've been faced with and i...
227
227
Dec 20, 2012
12/12
by
CNBC
tv
eye 227
favorite 0
quote 0
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back to "squawk box" everyone. take a look for shares of eloqua this morning. this is a marketing firm which is currently halted at this point. $17.92 was the last trade. a little over four months after going public this company is being bought by oracle for $23.50. the company went public on august 2nd at $11.50. total value of the deal is $871 million in cash. >> wonder why they didn't want to try to buy that company before the ipo? maybe wanted to see how it worked out. let's get a check on holiday retailers. chase holiday pulse tracks average ticket prices, transactions volumes and sales volumes each year. how is 2012 shaping up and where are people shopping? joining us chase card services ceo eileen serra. >> good morning. >> it's all e-commerce. that's what we keep hearing? >> that's right. it will be chase holiday pulse tracks all of the aggregated purchas
so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back to "squawk box" everyone. take a look for shares of eloqua this morning. this is a marketing firm which is currently halted at this point. $17.92 was the last trade. a little over four months after going public this company is being bought by oracle for $23.50. the company went...
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did nothing after that great quarter. i think this
he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group....
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
looking young -- >> i saw a highlight and i was half watching it and they said this is why they run play action. open up the space for sanchez. and i watch him throw the ball and it's an interception. i thought what are they talking about? >> i know that it's getting -- i'm starting to feel bad for sanchez. >> he has a guaranteed contract. >> i know, but he's over there taking notes and he's happy when the guy gets a td and he's just a team guy. i like him. >> when we come back, 'tis the season. it must be time for a jobs report. we whether set the trading agenda for the days ahead. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk.
looking young -- >> i saw a highlight and i was half watching it and they said this is why they run play action. open up the space for sanchez. and i watch him throw the ball and it's an interception. i thought what are they talking about? >> i know that it's getting -- i'm starting to feel bad for sanchez. >> he has a guaranteed contract. >> i know, but he's over there taking notes and he's happy when the guy gets a td and he's just a team guy. i like him. >> when...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
if congress doesn't take action, the fdic will stop making guarantees on zero interest bank accounts and services. the guarantee will revert to the normal $150,000 for insurers at any given bank. if so-called t.a.g. money leaves these banks, then the troubled list might find a lot more names on it. but, again, these were all temporary things put out there. it has been four years and counting since the financial crisis. at some point, you expect to see these things reverse. >>> the federal reserve dominates this week's calendar. the fomc will gather for a two-day meeting tomorrow. the fed is expected to maintain its bond buying at $85 billion a month, replacing operation twist with purchases of longer term treasuries funded by new money creation because they're running out of these longer things to twist into. they're going to have to start creating money or twisting money, whatever you want to call it. chairman bernanke will meet on wednesday afternoon to cover the federal reserve's positions. we'll cover that live. >>> right now, dow futures down by 35 points. s&p down by 45 points.
if congress doesn't take action, the fdic will stop making guarantees on zero interest bank accounts and services. the guarantee will revert to the normal $150,000 for insurers at any given bank. if so-called t.a.g. money leaves these banks, then the troubled list might find a lot more names on it. but, again, these were all temporary things put out there. it has been four years and counting since the financial crisis. at some point, you expect to see these things reverse. >>> the...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet
as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail...
262
262
Dec 11, 2012
12/12
by
CNBC
tv
eye 262
favorite 0
quote 0
and we're seeing it in the action in the markets. we're seeing it in the interest in the stock markets and everything else. anyway, markets ended up 14 points yesterday. they're indicated up about, what did it say, about 20 points? we're up 20, but fair value is down 20. so we're actually looking for an opening up of about 49 points. >>> coming up, why netflix could end up doomed with its success with children. >>> but next, the unmanned b-shuttle this afternoon. the unmanned mini shuttle will spend months in either's orbit before returning to land on the kennedy space center's runway. but forecasters are now predicting a 70% chance of not launching today due to expected lightning, thick clouds and bad weather. we might be having this conversation again tomorrow. >> announcer: tomorrow, "squawk box" exclusive coverage of the "new york times" conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m
and we're seeing it in the action in the markets. we're seeing it in the interest in the stock markets and everything else. anyway, markets ended up 14 points yesterday. they're indicated up about, what did it say, about 20 points? we're up 20, but fair value is down 20. so we're actually looking for an opening up of about 49 points. >>> coming up, why netflix could end up doomed with its success with children. >>> but next, the unmanned b-shuttle this afternoon. the unmanned...